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How an Economy Grows and Why It Crashes Hardcover – 18 May 2010

4.7 out of 5 stars 389 ratings

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If you feel you want to get a decent grasp of free-market economics this book is the perfect place to start. (Daniel Hannan, Telegraph.co.uk/Blog, July 2010). Using illustration, humour and storytelling, the authors take economics off its lofty shelf and place it back on the kitchen table (TheStar.com, September 2010).

From the Back Cover

EVER WONDER . . .

  • Why governments can spend without ever seeming to run out of money?
  • Why some countries are rich while others are poor?
  • Whether spending or saving is the best cure for a bad economy?
  • Where inflation comes from?
  • Why it's so hard to catch a fish with your bare hands?

HOW AN ECONOMY GROWS AND WHY IT CRASHES

Understanding how all the pieces of an economy fit together can be a daunting task—especially when the experts can't seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs.

This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood.

The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.

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4.7 out of 5 stars
4.7 out of 5
389 customer ratings
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Reviewed in India on 20 July 2019
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Top international reviews

Nazareno
4.0 out of 5 stars Intersting read, partially eye opening
Reviewed in the United Kingdom on 1 August 2019
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Farlsborough
3.0 out of 5 stars A brave attempt but they don't quite pull it off
Reviewed in the United Kingdom on 17 November 2015
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KAM
5.0 out of 5 stars Clear and understandable - not like economics at all
Reviewed in the United Kingdom on 28 November 2010
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VBKing
5.0 out of 5 stars The basics of an economy everyone needs to know
Reviewed in the United Kingdom on 1 May 2011
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P.
5.0 out of 5 stars I will read that book to my kids
Reviewed in the United Kingdom on 10 February 2020
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I_Like_Juice
5.0 out of 5 stars Fantastic read, fantastic intro to financial market
Reviewed in the United Kingdom on 20 December 2010
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SteveC
5.0 out of 5 stars I wish A' Level Economics had been like this
Reviewed in the United Kingdom on 6 September 2010
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R_o_b_b_i_e
5.0 out of 5 stars Something good for everyone
Reviewed in the United Kingdom on 23 May 2012
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Alistair Wesley
5.0 out of 5 stars Alistair Wesley
Reviewed in the United Kingdom on 1 April 2012
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alex
5.0 out of 5 stars intresting book
Reviewed in the United Kingdom on 18 April 2020
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londonmarc2342
5.0 out of 5 stars perfect
Reviewed in the United Kingdom on 13 November 2010
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Mr William A C Paine
5.0 out of 5 stars Arrived on time and as described. Good product.
Reviewed in the United Kingdom on 27 September 2017
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Amazon Customer
5.0 out of 5 stars a masterpiece that demonstrates the power of simplified explanation, ...
Reviewed in the United Kingdom on 28 April 2018
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Amazon Customer
5.0 out of 5 stars Good Explanation of how the world trade and government work.
Reviewed in the United Kingdom on 18 June 2014
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Mr. Richard Bristol
5.0 out of 5 stars Great book
Reviewed in the United Kingdom on 8 April 2013
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